South Carolina’s Tech24, a national provider of repair and maintenance services for foodservice and commercial HVAC equipment, announced the acquisition of Commercial Kitchens Inc. The deal was backed HCI Equity Partners, a Washington, DC-based private equipment firm. Financial terms were not disclosed.
Based in Milford, CT, Commercial Kitchens provides repair and preventative maintenance services for commercial grade kitchens to healthcare, education and other institutional customers in Connecticut, New York and northern New Jersey.
The company represents an attractive addition to the Tech24 platform by adding a complementary location in the tri-state area which provides entry to the institutional foodservice end market. Its the sixth add-on acquisition in HCI's consolidation strategy in the fragmented foodservice repair market.
"We are very pleased to add Commercial Kitchens to the Tech24 family," said Dan Rodstrom, chief executive officer of Tech24. "We look forward to working closely with [Commercial Kitchens chief executive] Rich Pinto and the team to offer their fixed cost service model across the entire, growing Tech24 platform. This approach has provided a valuable service model to institutional customers looking for budget certainty."
